What can you tell me about Chinese drywall? That’s the question I have been asked a handful of times over the past couple of years, usually by a client who works in the insurance industry; but most recently by non- trade related clients. Concerns regarding imported drywall have been on the public’s radar for some time now. Not typically associated with New England, the concern has primarily been...
Buyers
When a buyer views a property, observations are made with all five senses, which in turn creates an emotional response. Sellers need to be aware of the sensory responses their home may evoke from a buyer and how these responses may contribute to the perceived value of their home and ultimately how long it may take to sell. The visual reaction to the home begins with its location, develops with the...
In our ongoing commitment to remain at the forefront of technological advances in our field, we’ve recently launched 2 new features on our website: A Multi-Language Property Search button which allows home buyers to view properties in 11 different languages, along with a Bank-Owned Property Search button which allows potential buyers to easily find bank owned/ foreclosed properties currently...
We have seen pending home sales activity remain strong- Calcagni has had 151 pending sales so far for the month of June. This shows a sustained uptrend, rising for four consecutive months with favorable housing affordability and the first-time buyer tax credit boosting activity. To learn more about the First-Time Buyer Credit, visit:...
Is this a Seller’s Market or a Buyer’s Market? As REALTORS, we are often asked, "What market are we in?" The answer is somewhat simple, but it really depends upon the market conditions. Right now for instance, there are many homes for sale, including foreclosures and "short sales." On average this equates to about a 10-month supply of housing, which would classify this market scenario as a “buyer’s...
Prior to legislation creating Buyer Representation, the adage ‘Buyer Beware’ was in full force. When a Buyer was shown a property by a real estate Agent, the Buyer may have assumed that the Agent was working for him; in fact, the Agent was looking out for the Seller’s interest. On June 1, 1997 Connecticut Real Estate Agency law changed to address this fundamental inadequacy of the existing...
Earlier this month I had a real estate counseling session with a young couple looking to purchase their first home and the term “PITI” came up in our conversation. We’ve all grown accustomed to asking our buyers to speak directly with a lender first to get “pre-qualified” for a mortgage and we’ve gotten away from having to explain this acronym, which stands for principal, interest, taxes and...
I am currently working with a wonderful couple who are first time buyers. They entered the Real Estate market thinking that they would quickly find their first home. What a surprise they had when they were out-bid on 6 different houses! . You might think this is because they "low balled" each offer they put in, and in fact they did on the first one, but they quickly realized that the homes for sale in...
If you've asked yourself lately, ”What can my country do for me?" ask no longer and call your Calcagni Associates REALTOR to make that home purchase you have been putting off. President Obama’s American Recovery and Investment Act signed into law on Feb 17, 2009 provided first time home buyers a unique opportunity to receive up to $8,000 in the form of a credit when purchasing a home between Jan 1 and...
People love to talk about real estate! Whether it's at my doctor's office, hairdresser or just visiting with friends, I get asked about real estate all the time. They know that I handle the marketing and do not sell, but they can't help themselves - they just have to ask. Especially now with all of the negative press about the housing market. I quickly remind them that they need to keep in mind that...